Rhode Island

Company of the Month - Hayes & Sherry transitions to new ownership - Longtime partners Fair, Greene and Lucivero acquire firm

Providence, RI Providence-based Hayes & Sherry, the region’s leading full service commercial real estate brokerage firm, has made a change in ownership. Founding owners Pete Hayes and Karl Sherry have sold the company to partners, Matt Fair, Bill Greene, and Dave Lucivero.

Pawtucket arts festival celebrates the past, present and future - by Donald Grebien

The city of Pawtucket is buzzing with so much activity going on; the completion of the $47 million Pawtucket-Central Falls Transit Hub, the development of the $44 million Dexter St. Commons, the construction of a new public safety center, the continuation of construction at Tidewater Landing that will

City of East Providence launches storefront improvement program - by Roberto DaSilva

East Providence is offering vital funding to qualified businesses to enhance their storefronts utilizing funds awarded to the city by the American Rescue Plan Act (ARPA) in response to the COVID-19 pandemic. Small businesses were hit especially hard by the pandemic and the ensuing changes to the retail

Kern of Sweeney Real Estate & Appraisal brokers two building sale - $700,000

Cranston, RI Jay Kern of Sweeney Real Estate & Appraisal represented Edward and Judith McDonough in the sale of 20, 22 & 0 Rolfe Sq. The site was purchased by L&C Investment Group, LLC for $700,000.

Bank Rhode Island provides $10.5 million in financing for the acquisition and conversion for Residences at India Point project

Providence, RI The commercial real estate division of Bank Rhode Island (BankRI) has closed a deal with 180 GMC, LLC to provide $10.5 million in financing for the acquisition and conversion of the former Tockwotton building. The property will be transformed into the Residences at India Point,

Doherty and Leonard of Lila Delman Compass sell 60 Beacon Hill Rd. for $6 million

Newport, RI Lila Delman Compass sold 60 Beacon Hill Rd. for $6 million. Kimberly Doherty, Lila Delman Compass sales associate, represented the seller while Kate Leonard, also of Lila Delman Compass, represented the buyer. “Beacon Hill House is one of the most important sites in Newport

McCollough and Crellin of Mott & Chace Sotheby’s International Realty sell 352 Ocean Rd. for $4.995 million

Narragansett, RI Mott & Chace Sotheby’s International Realty sold the historic waterfront home at 352 Ocean Rd. for $4.995 million. Kylie McCollough, sales associate, and Jennifer Crellin, sales associate: both of Mott & Chace Sotheby’s International Realty,

Prices continue to increase in Greater Providence region while low inventory reduces closed sales

Providence, RI Median sale price increased in 10 out of 13 municipalities in the Greater Providence region, while closed sales largely followed the statewide trend of declining year over year. Increased prices are being sustained by a shortage of listings in

R.I. Infrastructure Bank finances Bristol wastewater treatment facility upgrade with $7.8 million loan

Bristol, RI On June 27, Rhode Island Infrastructure Bank closed on a $7.8 million Clean Water State Revolving Fund loan for the Town of Bristol to finance a number of upgrades to the town’s wastewater treatment facility including rehabilitating settling tanks

Warwick named to Livability.com’s Top 100 Best Places To Live in U.S. - by Frank Picozzi

Those who live and work in Warwick already know there’s a lot that makes this seaside city so special: 39 miles of breathtaking coastline, a rich and unique history, great municipal services, and good schools. The city is also known for its diverse commercial base comprised of locally-owned